Auctioneer Ritchie Bros. announced PriorityBid, a feature that enables buyers to make proxy bids online for items in its live auctions up to a week before the sale.

ORLANDO, Fla.— Industrial auctioneer Ritchie Bros. jammed row after row of used equipment in all shapes and sizes riding on tires or treads onto a 232-acre site here to launch its annual premier auction in February, the first since acquiring rival IronPlanet.

Industrial auctioneer Ritchie Bros. announced that it has acquired Petrowsky Auctioneers for $7 million to enhance its market presence in New England.